BBUS - this instrument not good today at $8.89 now
looked at the chart March 2020 this BBUS had a gutsy run to $50,
But this time in 2022 only $13.55:
ideal when the market topped out Buy 31/3/22 sell 17/6/22 up35% odd
But since June 2022 $13.50 vs $8.80down 35%
Even BBOZ not great way to short the market either in 2022.
and the USA VIX only topped out to 30 points in 2022 vs 2020 84 points so different investment conditions ...Quantative Queezing now ..inflation and base interest rates rising ..less cash in room!! so to speak..
So what is next in the market?
Can these BBUS indicate the market top -outs & bottoms? Ready for the next bull market....( these BBUS are shorting so the lower price indicates begining of the bullish trend )
Jan 4th 2022 was the market top
March 31st 2022 indicates a top-out
and 11th August 2022 we are nearing another top-out @ $8.89 ( target $8.60 ) . So the next confirmed rally on the way. Very much underway for some techs such as 360 Dregrees.